Delta Electronics aims to expand its R&D workforce to 1,000 employees in the next 3-5 years, with plans to double it in subsequent years. The company operates two R&D centers in Gurgaon and Bangalore. Delta Electronics is shifting its focus to the growing EV market in India, recognizing the potential of the EV infrastructure and initiatives like FAME and PLI. The company wants the PLI scheme to cover the broader supply chain. Delta Electronics achieved a revenue of US$13 billion in CY23 and plans to invest $500 million in India by the end of 2027.
Frequently Asked Questions
Q1: Who suggested that PLI schemes should shift focus from components to a broader supply chain?
A1: The suggestion was made by Benjamin Lin, President of Delta Electronics India.
Q2: What are PLI schemes?
A2: PLI stands for Production Linked Incentive. PLI schemes are initiatives by the government to provide incentives to companies in key sectors to ramp up domestic production and boost exports by manufacturing in India.
Q3: Why should PLI schemes consider shifting focus to the broader supply chain?
A3: Shifting focus to the broader supply chain can create a more comprehensive and resilient manufacturing ecosystem. This holistic approach could benefit larger parts of the economy and lead to more sustainable growth within the industry.
Q4: What is the broader supply chain?
A4: The broader supply chain refers to the network of all individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of raw materials from the supplier to the manufacturer, all the way to its eventual delivery to the end-user.
Q5: How can focusing on the broader supply chain affect the electronics sector in India?
A5: Focusing on the broader supply chain can enhance the competitiveness of the electronics sector in India by ensuring all components of the supply network are optimized. This can lead to better quality, cost efficiencies, and reduced dependency on international supply chains for key components.
Q6: Has the Indian government responded to this suggestion?
A6: The search results provided do not include information about the Indian government's response to this suggestion, but typically government policies are reviewed and updated periodically based on industry feedback and global trends.
Q7: Where can I read more about Benjamin Lin's views?
A7: You can read more about Benjamin Lin's views on the focus of PLI schemes in the articles available on the Outlook Business & Money website. Outlook Business & Money
Remember that these FAQ responses are based on the limited information provided in the search results and might not represent the most current policies or opinions if new developments have arisen. For the latest information on PLI schemes and supply chain strategies, it's advisable to consult recent government documents or industry expert analysis.